Yesterday, 02:22 PM
Back in the mid-eighties, someone shared his advice on how to become wealthy. Admission: I've never tried it.
Buy property that can be rented out to tenants whose rent is paid for by the government. For example, folks who need assisted living for medical reasons or prisoners transitioning into society through halfway houses. The goal is to have steady rental income guaranteed by a government or some other agency, not the tenant(s).
Charge enough rent for the various tenants to pay the salary and housing of a live-in caretaker (plus your mortgage, insurance, utilities, and taxes).
Todd's keyboard and room
Buy property that can be rented out to tenants whose rent is paid for by the government. For example, folks who need assisted living for medical reasons or prisoners transitioning into society through halfway houses. The goal is to have steady rental income guaranteed by a government or some other agency, not the tenant(s).
Charge enough rent for the various tenants to pay the salary and housing of a live-in caretaker (plus your mortgage, insurance, utilities, and taxes).
Todd's keyboard and room
Le nouveau clavier de Tôdd